Markets quote flat after positive beginning in highly volatile trade
The Hindu
Market indices open positive but later trade flat in volatile session; Sensex up 181 points in early trade, Nifty 49 points; Asian Paints, Wipro, Maruti, TCS, L&T, Titan gain; ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys, NTPC lag
Equity benchmark indices began the trading session on a positive note on Wednesday but were later trading flat in a highly volatile trade amid mixed cues from Asian markets and unabated foreign fund outflows.
The 30-share BSE Sensex climbed 181.6 points to 65,124 in early trade. The Nifty went up by 49 points to 19,455.70.
But, later both the benchmark indices faced heavy volatility and were trading with marginal gains.
Among the Sensex firms, Asian Paints, Wipro, Maruti, Tata Consultancy Services, Larsen & Toubro and Titan were the major gainers.
ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys and NTPC were among the laggards.
In Asian markets, Seoul and Tokyo were quoting lower, while Shanghai and Hong Kong traded in the green.
The U.S. markets ended in the positive territory on Tuesday.
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